Now that President Hache understands the harm that the Insolvency process can do to the community, he should join us in calling on Minister Romano to provide stable, long-term funding to stop this needless and inappropriate insolvency process" (a thread...) #onpse @ocufa #onpoli 
/2
Pres. Hache chose to use a process aimed at the private sector. The "CCAA" is a federal law aimed at salvaging profit-making industries. And it's a last-ditch effort that few businesses choose...
Pres. Hache chose to use a process aimed at the private sector. The "CCAA" is a federal law aimed at salvaging profit-making industries. And it's a last-ditch effort that few businesses choose...
/3
In fact, in the corporate sector, it's much more common to do what Air Canada recently did: they were bailed out by the federal government to the tune of a $7 billion loan at 1% (bit.ly/2O4zZCD) ...
In fact, in the corporate sector, it's much more common to do what Air Canada recently did: they were bailed out by the federal government to the tune of a $7 billion loan at 1% (bit.ly/2O4zZCD) ...
/4
...or how about the Sunwing "business model" --they only received a modest $375 million bailout in the form of a loan (bit.ly/2O4zZCD). That's about double the amount that Laurentian needs in the short term. ...
...or how about the Sunwing "business model" --they only received a modest $375 million bailout in the form of a loan (bit.ly/2O4zZCD). That's about double the amount that Laurentian needs in the short term. ...
/5
President Hache should realize that in 2008-09 not even an insolvent General Motors or Chrysler chose to go down the path of the CCAA insolvency process...
President Hache should realize that in 2008-09 not even an insolvent General Motors or Chrysler chose to go down the path of the CCAA insolvency process...
/6
... Instead they received a bailout "in June 2009, the federal and Ontario governments decided to use massive amounts of taxpayer cash to rescue General Motors and Chrysler, two corporations deemed too big to fail...
... Instead they received a bailout "in June 2009, the federal and Ontario governments decided to use massive amounts of taxpayer cash to rescue General Motors and Chrysler, two corporations deemed too big to fail...
/7
... GM and Chrysler's bailout cost Canadians US$13.7 billion: $10.8 billion to GM and $2.9 billion to Chrysler." (bit.ly/3kTmLET).
... GM and Chrysler's bailout cost Canadians US$13.7 billion: $10.8 billion to GM and $2.9 billion to Chrysler." (bit.ly/3kTmLET).
/8
...Hache might have learned a lesson from these private-sector giants and chosen the most obvious path:
Defend Laurentian University and point out its importance to northeast Ontario and Sudbury. Try to avoid doing harm to our beautiful city after you leave...
...Hache might have learned a lesson from these private-sector giants and chosen the most obvious path:
Defend Laurentian University and point out its importance to northeast Ontario and Sudbury. Try to avoid doing harm to our beautiful city after you leave...
/9
... and with the backing of the community that he now acknowledges, President Hache should DEMAND that the province fund Ontario universities at fair levels...
... and with the backing of the community that he now acknowledges, President Hache should DEMAND that the province fund Ontario universities at fair levels...
/10
...Do you think these corporate bailouts are too rich for Laurentian University?
...Do you think these corporate bailouts are too rich for Laurentian University?
Fine, then let the MINISTER FOR COLLEGES AND UNIVERSITIES do his job. Minister @RossRomanoSSM: Fund Laurentian University. You knew about this mess six months ago, you should've done your job then.
#onpse #onpoli #cdnpse #Sudbury #SaveOurSudbury #SaveLaurentian @OCUFA @lufappul
#onpse #onpoli #cdnpse #Sudbury #SaveOurSudbury #SaveLaurentian @OCUFA @lufappul
@threadreaderapp unroll
• • •
Missing some Tweet in this thread? You can try to
force a refresh
